HomeMy WebLinkAbout451 RESOLUTION No. 451
~~ the City Council of the City of Bremerton established an
emergency budget and authorized the issuance of $$4,450.00 in
emergency warrants by Emergency Oral nance No, 1570, on July 26,
1944, in order to provide for the expenditure of Federal funds
for recreation in the city of Bremerton, and
WE~R~AS, an audit by the Federal ~/orks Agency of the'
operation by the City of Bremerton of Docket No. Wash. 45-M-97,
and the expenditure of funds for recreation in the City of Brem-
erton during the year 1944, reveals that the 0ity of Bremerton
owes the United Btates of America the sum of $6,946,36, in conform-
ance with the terms o'f the Federal Grant of funds for recreation
and the operation by the City of it ts Recreation Department during
the year 1944, and
'WHEREAS, there is available at present in c ash in Recrea-
tion Contribution Account #45-M-97 the sum of $49§.?0, which should
be utilized in payment of a portion of said indebtedness of the
City of Bremerton to the United States of America, and the City
of Bremerton has full authority pursuant to the re,mas of said
Ordinance No. 1570 to issue an additional emergency warrant or
warrants to reimburse the United States of America, the remaining
balance due in the s,,m of $6,450.88 to liquidate the total in-
debtedness of $6,946.56,
NOW THEREFORE, BE IT RESOLVED by the City Council of the
City of Bremer~on that the City Cie rk is authorized and d~ rected
to prepare and sign and the Mayor is authroized to sign a cash
warrant to b · paid from funds in Recreation Contribution Account
#45-M-97 .to close the said account, and emergency warrants pursuant
to the authority gra~ ted by Ordinance No. 1570 in the respective
amounts as follows:
Emergency Warrants, $~450.66
" 500.00
" 500o O0
" 5o~/00
" 500, O0
" 500. O0
" 500, O0
Tot al $6450.66
BE IT FURT~ RESOLlr~D that said cash warrant ~nd said
BE IT FURTHER RESOLVED that said cash warrant and said
emergency warrants shall be made payable to the United States of
America and that said emergency warrants shall be endorsed
by the City Treasurer, '~ot paid for want of funds and bears
inberest at the rate of 2% ontil call~."
BE IT FUROR RESOLVED that the City Treasuror is hereby
authorized and directed to purchase said interest bearing emergency
warrants for and on behalf of one or more of the Trust Funds of the
City of Bremerton as an investment to be held by such Trust Fund
until such time as the principal and interest is paid from revenues
to be raised from taxes to be levied by the City of Bremerton
in the fall of 1945 to be collected during the year 1946, as provided
by State law in connection with the issuance of emergency warrants.
PASSED by the City Council of the City of Bremerton,
signed by the Mayor, and attested by the City Clerk in authentica-
tion of such passage, this ~ ~day of ~.f~ 1945.
~ ~ ~ Mayor
ATTEST:
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